The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-02-16

to place TO the credit OF the Revenue
Fund" all other taxes collected by the
State from the taxable property there
OF, and in addition thereto such other
revenue as may be received from
privileges and all other sources what
soever, for the purpose of defrsving
the current expenses of the State Gov
eminent, and il at the expiration Of
each biennial term there should re-
main surplus OF this fund unsppro-
priated over snd above the current
expenses of the government, it shall
be transferred 10 what is known as
the Sinking Fund.-" to be used as
hereinafter provided.
SEC. 4 Be II further enacted, That
the Governor, secretary of State,
Comptroller and Treasurer sre hereby
constituted Board OF Sinking Fund
Commissioners, for the purpose Of in.
vesting or otherwise disposing OF any
funds which may be placed to the
credit of the sinking fund as herein
af er provided.
SEC 5. Be IL further endcied, That it
shall be the duty OF the Sinking Fund
Commissioners, wherever $1,000, or
any mul iple thersof, ehall be placed
to the credit OF the "Sinking Fund.-"
to Immediately invest the same either
in United States bonds or bonds OF the
State of Tennessee, at their lowest
market value. II said investment shall
be made in United States bonds, the
same shall be held by said Commits
sioner5 as fund for the extipguish-
ment of the States debt at its matur.
ity, but if said investment shall be
made in the bonds of the State, the
same shall be Immediately cancelled
as ii paid. Said Commissioners shall
report their action to each biennial
term of this General Assembly.
SEC. 6. Be IL further enacted, That
this act take effect from aud after It's
passage, the public welfare requiring
it.
THE M'wHIRTER INTERVIEW.
An american reporter meeting Mr..
Louis B. McWhirter, asked him if he
would be appointed Coal OIL In
epe,tor.
Mr.. McWhirter-I suppose l could
get it If wanted it. Gov. Taylor told
my father in two private interviews
that be would give me the cffice, and
Prof. Frank Smith told me on the day
that he was appointed Superintendent
of Public Instruction that Gov. Taylor
told him that he would certainly ap.
point me, but have concluded dur
ing the past few hours not to accept
any appointment under this admins
trstion.
Rsporter-What brings you to this
sudden determination?
McWhirter-It is not 80 sudden.
For two or three days l have discussed
the subject with friends, and they all
agree as to my final action. Gov
Taylor's message was great surprise
and humiliation to those who did most
to secure his nomination, as we'll as to
those who heard his speeches during
the campaign. He has surrounded
himself with Mugwumps-seems to
ignore the Bate, Harris, Marks, House
and Whitthorne Democracy, and has
not done one thing that single Demo.
cratic leader indorses since inaugura-
ton. His administration will be a
dead fdilure-worse than Tyler's in
184l. He will not get one hundred
vo es in the next Gubernatorisl con.
vention in 1888, and has, 1 presume,
made up his mind to quit politics with
his present term. Entertaining these
views, cannot conscienliously have
any connection with his administra.
ton.
T. ppApcv Appo,NTpr ro nm u.pDp,J
CT THE PESITENTIARY.
Gov. Taylor today appointed j. l..
Pearcy, Of Giles, 10 be Warden Of tbs
Pentsntiary. Mr.. Pearcy was an ap-
plcant for the post of Superintendent
OF the Penitentiary, but got only the
Wardenship. He travelled over the
State writing up glowing accounts of
Bob Taylor for the american. He has
been somewha; prominent in politics,
having been chairman OF the Giles
County Committee, chairman OF the
Seventh District Congressional Com
mittee for two terms, and lie a member
and secretary Of the present State Ex-
ecutive Committee. His home is in
Pulaski.
The incorporators of the Tennessee
Midland Railway Company will meet
at the Maxwell House, in this city,
tomorrow, the 10th instant, to orgaa-
izs. The Richmond Dispa:ch, OF the
l1tb, contains the following interest.
ing article in regard to one OF the con-
nections of the Tennessee Midland
The directors Of this company elected
at stockholders meeting held Feoru-
ary l, 1887, are A. S. Buford, John P.
Branch, A. L. Boulwere, I. O. Leake,
jr., Richmond; Il %. Parsons, j. H D.
Ro5s, Edward Dillon, Rockbridge
county; Warner Miller, George West,
New York; Wharton Barker, Philadel-
phia; Dec. W. Thorn, Reuben Foster,
Baltimore. The Board of Directors
has been in session at the Office of the
company in this city for day or two
plst and completed the organization
of the company by the election of a
President and the appointment of such
other officers as are at present deemed
necessary. Col. A. 8. Buford, in &C.
eordance with the unanimous desire
of the company, was elected President.
Mr.. W. 7. Townes was appointed
Secretary and Treasurer. The en-.
gineer corps will be promptly organ
lied under the direction Of Mai. H. D.
Whitcomb, as Chief Engineer, and
put in the field. A part of the line
extending from some point on the
Richmond and Allegheny Road, near
Buckanan, or the mouth Of
Craig's creek, through the coun-
ties of Boutetourt, Craig, Giles,
Bland, Tszswell. Russell, Wise,
Scott and Lee to the Tennessee State
line, in the vicinity Of Cumberland
Gap, has already been examined by
preliminary surveys, aud the work Of
surveying will be prosecuted actively
to satisfactory connection with
through surveys now being extended
through the State OF Tennessee from
the Virginia State lins via Nashville
TO Memphis, by the Tennessee Mid